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Rs17b relief in next month billing: Rs2.92 per unit cut in power tariffs likely

Rs17b relief in next month billing: Rs2.92 per unit cut in power tariffs likely

ISLAMABAD: The Central Power Purchase Agency (CPPA) has sought Rs2.92 per unit reduction in the fuel based power rates for all distribution companies (except K-Electric) for a month.

Admitting the CPPA’s tariff petition, the National Electric Power Regulatory Authority (Nepra) has decided to hold a public hearing on December 19 before passing on to the consumers a relief of about Rs17 billion during the upcoming billing month.

In its tariff petition on behalf of all the distribution companies, except K-Electric, the CPPA explained that its average fuel cost during the month of November 2014 worked out at Rs4.49 per unit – lowest in more than five years – against the reference tariff of Rs7.41 approved by Nepra in advance for November. This resulted in reduced fuel generation cost of Rs2.92 per unit.

The CPPA reported to the regulator that a total of 6.534 billion units were sold to the distribution companies during November against 8.123 billion units sold to Discos in October, showing a reduction of about 20 per cent.